This Week in Startups - Level up your copywriting w/ Sam Parr | E2226
Episode Date: December 20, 2025This Week In Startups is made possible by:Luma AI - https://lumalabs.ai/twistNorthwest Registered Agent - https://www.northwestregisteredagent.com/twist Lemon IO - https://lemon.io/twistToday’s sho...w: DID YOU KNOW… most of the tried and true techniques devised by marketing gurus in the ‘40s and ‘50s still apply today?On TWiST, we’re joined by online marketing expert Sam Parr, host of “My First Million” and founder of Hampton. He’s sharing all of his top tips and tricks for making your writing more compelling, and converting your readers into new customers.In this essential pod for any and all founders, hear Jason and Sam run down their list of the best-ever marketing books, why there’s no such this as “too long” only “too uninteresting,” when to use AI and when to rely on your own brain, why you’re the average of your five best friends, and lots more deep insights.Timestamps:(00:00) Sam Parr of The Hustle, Hampton, and My First Million is here to teach us how to become better copywriters(03:59) How Sam got interested in the (then-shady) world of internet marketing(06:26) Why Sam recommended THESE advertising books to Jason(08:15) All the principles that ad execs developed in the ‘50s still work!(09:43) Glengarry had it right; the magic of A.I.D.A.(11:19) Luma AI - Stop guessing and start directing with Ray3 Modify from Luma AI, the AI-powered post production tool. Explore it at: https://lumalabs.ai/twist(14:30) There’s no such thing as “too long,” just “too uninteresting”(16:15) The goal is to write at a 4th grade reading level(18:12) Why Sam only uses AI for “The Big Idea,” not the actual writing(19:37) Why you’re the average of your five best friends(21:14) Northwest Registered Agent - Form your entire business identity in just 10 clicks and 10 minutes. Get more privacy, more options, and more done—visit https://www.northwestregisteredagent.com/twist today!(22:15) Using AI to dig in and research, to make your writing more interesting(23:42) CopyWork: The technique that helped Sam fine tune his writing(28:41) Avoiding “The Feature Death March”(30:56) Lemon.io - Get 15% off your first 4 weeks of developer time at https://lemon.io/twist(32:00) Words are better than images, but videos are better than anything(34:43) Why stories make such a huge impact(37:36) Sam and Jason are both obsessed with the book “How to Be Rich”(43:02) First World Problems are still problems!!(44:31) Why Sam launched Hampton and what it takes to get in(47:10) Why scaling a community is so much harder than launching(51:04) The lessons founders can take from Ted Turner(58:36) What Jason likes best about My First Million(1:00:28) It’s never too early to get your first $10 million(1:04:07) How accurately did Producer Claude guess what Sam was going to teach us?*Subscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.com/Check out the TWIST500: https://twist500.comSubscribe to This Week in Startups on Apple: https://rb.gy/v19fcp*Follow Lon:X: https://x.com/lons*Follow Alex:X: https://x.com/alexLinkedIn: [https://www.linkedin.com/in/alexwilhelm/*Follow Jason:X: https://twitter.com/JasonLinkedIn: https://www.linkedin.com/in/jasoncalacanis/*Thank you to our partners:(11:19) Luma AI - Stop guessing and start directing with Ray3 Modify from Luma AI, the AI-powered post production tool. Explore it at: https://lumalabs.ai/twist(21:14) Northwest Registered Agent - Form your entire business identity in just 10 clicks and 10 minutes. Get more privacy, more options, and more done—visit https://www.northwestregisteredagent.com/twist today!(30:56) Lemon.io - Get 15% off your first 4 weeks of developer time at https://lemon.io/twist
Transcript
Discussion (0)
Like, I wasn't selling anything particularly special.
And so I started like Googling how to be a salesperson.
And I learned about this thing called copywriting.
And what I realized was if I could take my ability to sell one to one,
which I eventually learned how to do and put it on paper,
you could sell one to an infinite number.
There was a guy named David DiAngelo.
He would write these like 5,000 word emails where it was just plain text.
And they were making $30 million a year selling ebooks on how to like hook up with the girl.
What percentage of the lessons persist and kind of hold true in the current moment?
all. So basically there's a lot of sales pages that you go to and it's just tons and tons of words.
You're going to say, that used to work then. It doesn't work nowadays. And you're going to
like see like cheesy headlines and all that stuff. You're going to think none of that works on me.
You're wrong. It does. Long form copy typically is almost always better than short form copy.
Anyone who sells a lot of anything knows all these principles. And one of the principles is that long
form is better than short form. And a lot of people listening, they're not going to believe it.
But they're wrong. This week in startups is brought to you by Lemon.io. Building a great
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All right, everybody, welcome back to this week in startups.
Alex, as part of our continuing focus.
I'm helping founders build better startups.
I was faced with a bunch of founders asking me how to write better copy because I was looking
at their web pages.
And I was like, my God, this copy sucks.
And then I looked at some of my own web pages and said, my God, this copy sucks.
And I was like, who's really good at this?
And then I remembered my friend Sam Parr from the hustle, hustle conference, hustle newsletter,
my first million had obsessed about this.
and I started doing some chat GPT research, some Claude research, some, you know,
perplexity searches, and Sam came up.
So he's well indexed on this topic.
And I started buying all the books that he recommends, all these books by old advertising
copywriters.
And that's going to be my winter reading.
So it's always great when you can draft off of somebody who's done the work.
So with that, why don't you invite our guest on board, Alex?
Guys, we have Sam Parr on the show today.
As Jason mentioned, he was the founder of the hustle, sold that to Hubbard.
spot back in 2021. Currently, he's working on Hampton, a member's only community for founders
focused on small group problem solving and local mutual support. He's also on the My First Million
podcast and does Money Wise, the show for if you have money and you don't want to lose it.
We love him. Sam, welcome to the show. What's up, guys? Jason, are you going to read the books?
Which ones do you get? Gosh, you know, you mentioned like three or four of these books by these old
advertising heads and I bought all of them. So what I was doing,
was I just took three or four of your podcast where you talked about copywriting. I took those. I put them
into Claude to grab the transcripts and just giving me all the bullet points and all of his
advice and then what he's reading and his sources. He gave me all the sources. And then I just opened up
Amazon and I just bought them all. Some of them were out of print or a little hard to get. But I guess
that's a good place to start, which is how did you become? And I want to talk all about Hampton too.
But let's start with copywriting because founders need to do that.
How did you become obsessed with copywriting and why?
So I used to work.
I used to own a hot dog stand in college.
That's how I made paid my way through college.
And I had a hot dog stand.
I called it Southern Sam's Wieners as big as a baby's arm.
And I would like sell.
Yeah.
You know, that's called copywriting.
That's copyright.
You got a laugh out of us.
Like I wasn't selling anything particularly special.
And so I started like Googling.
This was back in like 10, 2010.
like how to be a salesperson. And I learned about this thing called copywriting. And what I realized
was if I could take my ability to sell one to one, which I eventually learned how to do,
and put it on paper, you could sell one to an infinite number. And so I started reading a bunch
of bloggers. And I actually got really interested in the world of internet marketing,
which back then was very shady. And there was these guys that would write these books that would
teach young men like myself who weren't particularly good with women, basically how to pick up girls.
And a lot of it was very shady and weird.
P-U-A movement, yeah.
Yeah, but it was so successful in terms of a business.
And you had guys, I don't know if you remember this.
There was a guy named David D'Angelo.
He would write these like 5,000-word emails where it was just plain text.
And they were making $30 million a year selling e-books on how to like hook up with the girl.
And that is when I got interested in copywriting, where I got interested in like the dark arts a little bit of copywriting.
And I was like, okay, how do I master this?
And then let's actually use it to sell stuff that I love.
And so that's how I originally got into copywriting.
It's really interesting that the, the smarmy people, people on the fringes, they are typically doing
these nefarious things.
So they have a really, and so do spammers and hackers.
They will sometimes be the best at exploiting the hacks.
And I think that's what you recognize.
I remember when I wrote my book on angel investing, a bunch of these same type of people
who went from like coaching on how to do dating and write.
Writing these never-ending pages, started doing ones on angel investing, and they had cribbed a lot of my copy from my book.
And they were talking about, oh, if you made the Uber investment, you've made 2000 X, 5,000x.
If you did this investment.
And I was like, oh, my God, these guys have out-marketed me.
And I wrote the goddamn book.
They're animals.
They're beasts.
They're in beast mode.
They're relentless about it.
I hate these guys.
I was going to say, they stole your stuff.
No, no.
It's just annoying.
But they do understand something.
Yeah, there's something to learn from there.
So when I saw you had done all the stuff, I immediately bought this book, Ogilvy on advertising.
You'll love it.
And then Confessions of an Advertising Man.
These are the two I bought.
And then type in Joe Sugarman on Amazon and buy his AdWeek Guide to Copywriting.
Ah, okay.
That one's probably above everything, my favorite.
That one was out of print, but also to do a link where you can get it for cheap.
So here's how it works.
So like in the 1930s, 40s, 50s, before the internet existed, you had these guys like David
Ogluvi and they basically wanted to sell, let's say, a vacuum to a housewife. Well, how did it on earth
did they do that? Well, some of them would go door to door or buy radio commercials, but a lot of them,
what they did was they would do these services where you could send a letter to a million
housewives in America and it basically meant you had to send pieces of paper with typewriter
writing and you had to use words so good that you had to make your money back because it was
incredibly expensive to do this. And so they got incredibly good at figuring out what words convince people
to buy and take action and do stuff. And so I love learning from those guys, from the 50s,
all the way up to the 90s, like pre-Internet era guys. Those are the best places to learn from.
And David Ogilvy is one of those. You call it Ogilvy Mather. That was a multi-tens of
billions of dollar ad firm now. And they're glamorous. They do all, you know, probably Ford or
Ferrari, all this fancy stuff. But he started as a copywriter, kind of a, like, he would write
these like just, they call them sales letters, these letters that they would mail to people to sell
anything. I'm just really curious. When we go back in time to these kind of early titans of
copywriting and advertising, what percentage of the lessons persist and kind of hold true in the current
moment? Because all, really. Everyone says the same thing. So here's what people listening to this.
You guys are going to think a couple things. You're going to think a few things. You're going to think
ads don't work on me. Obviously, that's nonsense, right? You're going to see long form copy. So basically,
there's a lot of sales pages that you go to and it just tons and tons of words. You're going to say,
that doesn't work on me. That used to work then. It doesn't work nowadays. And you're going to like see
like cheesy headlines and all that stuff,
you're going to think none of that works on me.
You're wrong.
It does.
We can go through examples,
but you just had Amazon.
Like, for example, long form copy,
typically is almost always better than short form copy.
You just were, Jason, on Amazon.com,
the most well-known website, potentially in the world.
And if you were to look at that book
that you just had up and you were to see all the words
that were on there, as well as all the photos,
as well as all the reviews,
there's probably 10,000 reviews.
That was probably tens of thousands of words on there.
If you go to Apple.com and you look at how much an iPhone,
cost or you want to buy an iPhone. It's going to have a photo, a photos worth of a thousand words,
tons of photos and tons of words are going to be a really long page. Anyone who sells a lot of
anything knows all these principles. And one of the principles is that long form is better
than short form. And a lot of people listening, they're not going to believe it, but they're wrong.
So the never-ending web page that we experience from the cheesy marketers all the way to the most
elite marketers like Apple, that works for a reason. What's your best guest as why Long works
over short because intuitively you might be like, hey, TLDR, concise is better. Why does Long in your
estimation and your experience work better than short? The Ad Week, this is one of my favorite books.
Just ordered it. And this looks like a not an interesting title or, you know, it's like a long.
It doesn't follow any of the rules, but I'm telling you this is the best book. So why does Long
work better? Well, it does for a couple of reasons. One, when people skim, you need different areas to
grab their attention and get them to come back down. But it's all rooted in this thing called the
slippery slope. So in order to sell anything, I want you to fall down this slippery slope where
you start where you're interested. You get a little bit more desire. And finally, I get you to
take action. So it's called Ada, attention, interest, desire, action. I need to grab your
attention. I need to keep you interested. I got to make you desire what I want you to desire.
And then I have to make you take action by being very specifically in telling you what to do for the
next step. It's not necessarily that long is better than short. It's that you want the least amount of
words to be the most effective. And oftentimes, you need a lot of words to be incredibly
effective. And for a person who's going to buy your product, the goal of good copy is to make me
the writer or the marketer write to you in such a way that it feels like I know what you were
thinking better than you do. And I know your problem so intimately that I must have a solution
because no one else has been inside of your head as good as I have right now. Therefore,
you feel the way I feel you could guide me out of this pain. So let me give you an example. If
you are selling, I'll do a weight loss thing because that's typically like kind of scammy.
But let's say like if I was writing a weight loss ad for women, I would say like, I know why you
stand on the edge of your friends when you take a photograph with your buddies at the beach.
I know why you wear that cover up.
I know that you offer to take the photo.
I know why you do that.
And you like go into like the shame that someone feels.
And these are things that she has probably never said to her itself.
But if I write in such an intimate way, you start to think I know you.
Now, of course, you want to use this power for good, not for bad.
But I'm just giving you an example.
And so Long does a better job of getting you to fall down this slippery slope where you are just ready to buy at the end.
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And that's going to get your attention big time because it's, yeah, and it also triggers
a bunch of emotion.
So emotion is part of this as well, but that gets your attention for sure.
now interest and then decision.
Impact those for us as we go down the slope.
So let me give an example.
Let's say that I want to convince you to drink water.
I'm going to make up a bunch of facts, so don't hold me to these facts.
I would say, have you ever seen those big muscular guys at the gym carrying around gallons of jugs of water?
Yeah, I have seen those.
The reason they're doing that is because it actually makes them build muscle 30% more than if they weren't going to do that.
You see, the thing about water is it helps carry amino acids, which are essential to
building proteins in your body.
And so if you don't drink enough water,
you're just not going to build enough muscle.
And that's why these guys who are all big and jack look,
and that's why they always carry these jugs of water.
So that was my desire,
my interest and desire was making interest it.
And then my action is like,
so if you want to get bigger muscles,
here's what you need to do.
Every day before you go to the gym,
fill up this gallon of water
and drink all of it before new.
That's how it works.
And so you take that format of attention,
interest, desire, action,
and you can apply that frankly to anything.
And that will get you 90% of the way there.
You see this on Instagram.
You scroll through Instagram, every Instagram influencer talks about a hook.
The hook is the first five sentence that grabs your attention.
They call it a hook, and then they call it a CTA.
So hook, meet CTA.
But it's all the same verbiage.
But young kids, that's what they say.
If you ever follow, just follow one person on Instagram who gives advice on how to get popular on Instagram,
they're going to say hook meet CTA.
It's the same thing as attention, interest, desire action.
I'm just thinking about the idea of having kind of like more words to get people through that funnel
down that slippery slope and how that kind of intersects with digital media.
Because when I think of people that are making a lot of noise today that are theoretically connecting with their copywriting,
I'm thinking about places like X, which are inherently short forms, Sam, or at least kind of used to be.
So how do you take the thing that worked in direct mail back in the day and take it to a digital format world where people have a lot of what we might call it TikTok brain rot?
It seems to be a conversion or translation problem there.
There's no such thing as too long.
There's only such a thing as too uninteresting.
Do you guys remember on Twitter, when Twitter got really popular during the pandemic, there was a situation.
joke of people called thread boys. Yes. That's exactly what I'm describing here. If you go on Twitter
and look at what are some of the most shared tweets of all time, it's things that are longer than
the norm because you need someone to be emotionally invested. And what's going to happen is your funnel.
Maybe it's going to be that the goal is not to make 100% of the people to read your thing. It's to
make the right 5% of the people to read your thing. And you want them to share at a 90% rate,
as opposed to a lot of normal content. You might have a lot of eyeballs, but it's not going to make
someone compelled to share. And so the thing about copywriting is all rooted in two things. One,
getting what's in my brain and what's in my emotion into your brain and your heart. And the
second thing is getting you to actually do something. It could be as simple as MLK giving a speech
and wanting you to change your opinion on racism or it could be I want you to buy something.
But it's all about influencing action. And there's certain words, human nature is human nature.
It's been the same for the beginning of time. There's certain ways to actually do this.
One of the techniques that you and I share in common, when I had writers in the magazines back in the day, in the zine day, and then onto blogging, when writers had writer block and they couldn't get going, I would say, hey, why don't you just talk to me and record it? And I'll give you sort of props, prompts. And people said, yeah, you're a great writer, Jake Allen. How did you get trained? And I said, well, I will talk into, I used to have an actual recorder. And I would talk into the recorder. And then I would transcribe what I wrote, which is really easy to do now with voice recognition. But I
experimented with drag and dictate and all those things. And I would try to just say it like I was
saying it to a friend. So maybe unpack, talk like, and this I think one of your core tenants,
write like you speak, right? Yeah. I've got four or five things that I tell people. The first is
start with like the big idea. You can call it a hook or you can call it an angle. And that's basically
if you were just telling your buddy about a TV show like what happened. Oh, it's about a, like you're
describing the movie Ted. It's about a talking bear who's really vulgar. I don't know. Like,
you know what I mean? Like just like that one liner. The second thing is to write like you
talk. Now, to be to get very tactical, it's to write simply. And it's to write at a fourth or fifth
grade reading level. There's this app called Hemingway app.com. It's free. And what you'll notice is
that if you have to look something up in a the the thoris, don't use the word. The goal is to write at a
fourth or fifth grade reading level. And I'll give you guys a really good example. Warren Buffett
owns an insurance company. That's a very complicated business. But his annual letters, on average,
I believe each sentence that he writes, it's about 18 words per sentence.
And the reading level is something like a sixth grade reading level.
And this is why Warren Buffett, in part, is famous because he was world famous for saying
these very, like, simple phrases.
Like, it's when the tide goes down is when you learn who, when you learn who doesn't
have their swimsuit on.
Like, these like really amazing analogies.
One of the reasons why is he was a brilliant marketer.
And he was really good at writing simply and using analogies.
And so I tell people, start with the big idea, write simply.
I tell them, use the active voice, not the passive.
I'll give you an example. The boy kicked the ball versus the ball was kicked by the boy.
The second one is bad. The first one is good. Most people actually use the second one. So you always
want the someone to be doing something, not something being done to them, if that makes sense.
And then the last two or three things, I say always remove adverbs. Stephen King famously said the road to
hell is paid with adverbs. Don't say, don't use adverbs. And then also a lot of times a really effective
way to be a better writer is you write. Like let's say you have this big sales page for a lot of your
founders, they might have that or a cold email or something huge that's going to be seen by
millions of people. The best way to make it good is to pretend that you are just writing to one
person and you literally literally write a letter to them explaining it. And that's a really good
way to get out of people's head. So a lot of people are using AI to write these days. And it's a
little bit harder to steer AI, I think, to follow the things that you're saying out there. So
when people ask you how to use AI intelligently in their copywriting, do you say don't use it at all
or is there a way you can kind of take your principles and bring them into the AI era to have
some help along the way. I use it to help me find the big idea, but it can never do a good job of writing.
So with my company Hampton, I was making like an email convincing people why it was great.
Or it could be for launch, Jason, or to go to a conference, one of your conferences. So is there any
like cool phrases that describe what it means to be around other ballers like you? And there was this
one idea called the Michelangelo effect, where basically like you are around other smart people.
and the idea that Michelangelo once said, he said the David, the statue of David, he goes,
the statue was in there.
I just removed, I just removed the unnecessary stone.
And the way that if I was Jason, I would say, have you guys ever heard of the Michelangelo effect?
The idea is that when you're surrounded by other amazing people, you're sort of like the statue
of David.
The greatness is inside of you, but every time you meet someone great, it's just chisling away
to find that amazing statue underneath all that unnecessary nonsense.
That's exactly what this conference does.
So, like, that is an example of an attention-getting idea.
Does that make sense?
It totally makes sense.
And when you said it, I immediately thought of, like, another way to phrase it.
And this is what's great about brainstorming about these things.
Because you said the Michelangelo effect, and I said, you know, you're the average of your four best friends.
And so I have pretty famous best friends.
And people are like, yeah, J-Cal is really smart.
And it's like, well, you're standing next to Travis or Vlad or Chamath or Sacks or Elon.
Yeah, you're going to look pretty damn smart, right?
Like it is another way of saying that.
And so here's like an interesting concept.
Hey, you're the average of your four best friends come to this conference and make some new friends who are doing what you're doing as opposed to your old friends.
Like your old friends might be actually, are your old friends holding you back is probably the fear way to say it and adding new friends.
And when I tell people to come to the conferences, I say I always hope three things for you.
One, you make a new friend, like a new network, and you make one or two really good lifelong friends.
Number two, you learn two or three things from the content and get inspired and bring that back to your office.
And number three, you enjoy the food and the vibes.
Like the event itself, the production of it is like, you know, interesting.
So you have a good meal, you meet good people, and you'll learn a couple of things.
You'll come back next year.
And even actually, I think if you get two of those three, because we've all been to a conference where we met somebody amazing,
the content sucked. It was all paid for. It was like panels. The content sucked, but the networking
was great. And the food sucked too, but the networking was great. I met somebody important. Or,
you know, the people there were weird. The food sucked. It was at this terrible, you know,
conference facility. But I learned like three really good things on stage, right? Like,
that's always been my thing. It's really interesting to break it down to something simply.
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So let's get even deeper. So what I would
So I used AI, that exact phrase, if you're the average of the five friends, I was like, I've heard that before.
I want to come up with a different angle.
And I came up with this different angle where I was like, the headline was like, you've already heard that you're at the average of your five best friends.
But I'm going to tell you something even more astounding, which is that there was a scientist in 1976.
He studied 20,000 people and they looked at obesity rates.
They looked at poverty rates.
They looked at happiness.
And what they found was that the people who were around overweight people when they were young became overweight.
The people who were around successful people when they were young, they became successful.
The people who are around depressed people, they become depressed.
This isn't just a cute phrase.
This is actually science.
We looked at this over 20,000 people over a decade.
Now, here's the good news for you.
You can pick who you can be around.
So anyway, you see how like we can like, now I didn't know about that study, but I asked chat, JBT.
I'm like, give me some type of evidence.
That's where these large language models have changed everything.
I like grammarly too.
You know, what I found with Gramerly, I don't know if you use it. Hemingway is similar, obviously.
But I like that Grammally follows you around because.
It's awesome.
Yeah, people who were bad writers suddenly become good writers.
People are good writers.
It can help you on the margins become great.
And obviously, the ideas are what matter most, but you do need to understand technically.
And it does tell you when you're writing in the passive voice pretty accurately, yeah?
Yeah, it does.
And if I, so if someone is listening to this and they actually want to get like pretty good at copywriting, here's what I think you should do.
there's this idea called copywork.
Did you ever read the blog post?
I wrote about copywork.
Yes.
I didn't invent this.
I just stole this from,
this is how we used to teach kids how to write.
But basically the idea is like,
well, if you want to get good at playing piano,
you don't just sit a kid down and say,
hey, write a song.
You tell them play jingle bells, play happy birthday.
Okay, do you like rock and roll?
Let's play Green Dave.
Who Fighters?
You might like that.
Do you like classical music?
Let's play this.
And then you do that for a little while.
And then you'd be like,
oh, I like this piece.
I like this piece.
I can kind of mold that together
to make my own bit of art.
With copywork, what I like to do is I find the best sales letters, or it could even be the best book.
So it could be like catcher in the ride. That's what I did it with. And you just sit down for a few minutes.
I would do it for an hour, but you could do it for 15 minutes and you word for word.
We get one of these big yellow notepads and you write it out word for word and you copy it word for word.
And that will make you just doing that act will make you a better writer.
And so if you have to write something really important like a sales page, you find sales page.
So I love hay.com. That's a really good sales page.
You write it word for word. And you feel the texture of the words and that changes your brain.
It changes what you do.
When you're doing, I don't know if you play chess, but in the chess.com app, they literally did this.
Before you play games, they say people who solve puzzles get 20% better, you know, at chess, you know, before they play games.
And so it just prompts you, hey, you want to do a couple of puzzles and they'll do puzzles about the openings, puzzles about the end, and they score you.
And it's literally that.
And this is why transcribing and writing things, there's something that occurs when you're writing on a piece of paper.
So at my management meeting every week, I made everybody close their laptops, especially the young people working for me, take out a mullskin. And I said, take notes. And then I want you to transcribe them and tell me the three to five most important things that are your takeaways from the meeting and do it immediately after the meeting. And it was like, well, I have an AI note taker. AI not takers. I feel like these things are going to just brain rot people because they're not writing it down. When you write stuff down, you process it. And writing is clarity of,
thought. And this is what's getting lost in this generation. All these tools that they think are
helping them, it would be kind of like these people who put the pads on their abs and then shoot
electricity in it as opposed to doing, you know, planks. It's like, just do the plank. Yeah,
there's a reason why Jeff Bezos makes everyone write narrative formatted documents as opposed to
slideshows, because my opinion is that if you are, a clear thinker is not always a great writer,
but a great writer, a clear writer, is always a clear thinker. Does that make sense? It makes
infinite sense because this is why that white page is so intimidating for people. It's because
they actually haven't processed their ideas. When I wrote the book, Angel, it poured out of me.
But then you try to write something, if you don't know anything about the subject, if I were to
write about private equity, I'd be like, gosh, this white page is here. I don't know anything
about this. Interviewing people, that's another way to sort of hack it, right? You get to hear other
people explain it and then you start processing it. I was just thinking about applying this
kind of back to founders and kind of where they should start. I think we've done a lot of good work
here talking about different strategies and so forth. But Sam, you know, when people come to you
building a company say and they've done basically no writing at all, what are the first couple
steps they should do? Is it the copying function or should they be doing something else to get off
the ground? I'm kind of thinking about the cold start problem for, you know, seed, series A stage
founders. I think they have to first be convinced why it's worthwhile to even study in the first place.
I don't think a lot of people are bought in. And so I think that the best way to get bought in is
probably read the book that Jason showed earlier. It was David Ogilby, Ogilvy on advertising.
I would read that book. And that would do a good job of convincing you that it's even
worthwhile. I mean, I think we all agree that selling is important. We're all selling ourselves to
a potential girlfriend, to someone we want to recruit, to someone we want to raise from Jason.
I'm trying to sell them to invest in my startup.
And so copywriting is just sales on paper.
And so I think that we have to convince you to do that.
And the second thing, if we're going to teach a founder how to do it, I would buy those
books.
And then I would practically take the book and I would write a couple pages out of it,
word for word.
And I would do that literally if you do that for 20 minutes a day, for 20 days, you will get
better.
One of the great things about Twitter, I think there's a lot of bad things about it.
But one of the great things about Twitter and on social media is you get instantaneous
results. And so you can see is what I'm writing, does it resonating and is it compelling? And I could
get, and you see habits right away. When your life depends on it and like you're embarrassed or not of it,
you get results quick. When you're selling a product or service, you know, software, let's say,
and, you know, I'll come up with a concept here. Tax GPT is one of our breakout startups in the recent
history. They're a co-pilot for accountants. Now, there are many features to the tax GPT product.
And I think what will typically happen on me, well, I'll even pull up their web page.
It's going to be so brutal when we do.
But what do you expect a bunch of AI tax experts to be good writers?
We could help up.
Yeah.
Well, who knows me?
We'll pull it up here.
But the problem I find with most folks is when you're so close to the problem,
you do what I call the feature death march, which is you're pitching your investors
and you're like, whatever the last three features you added to the product is you talk about
those because that's what you just did, but you're not talking about the big grand vision.
So let's talk a little bit about when you're selling a product, a software product,
let's say, what is the way to lead and what should be above the fold?
What should be the hero image, the hero lead?
And then we'll get into Hamilton as an example as well because you obviously are, you know,
putting your brain cycles on that.
Above the fold should be a feeling, I think.
So I'm looking at taxgbt.com.
if I was them, I'm sure they've done this. I'm sure that they've talked to 50 accountants.
And I'm sure that they know there's like five lines. Like when you're pitching to an investor or something,
you're sort of like a comedian testing your jokes in small rooms before you get to like the Netflix stage.
And you see like, oh, that resonates. Or when I just said this, the customer, the accountant just kind of leaned in.
And so the goal should be to tell it to like 10 or 20 people and see what caught their eye.
And so if I was them, you know, I would have to research a little bit about accountants,
but I would have been like, you know that feeling on April 1st or whatever tax day is,
like where you're like scrambling looking around this.
Like you like you know how you feel at your office where you're overstressed and you're working 20 hours a day.
No more.
You don't, you don't have to do that anymore.
Like you the like like I'm selling like what I, if I'm these guys,
I'm selling this emotion of like life is calmer now.
and not exactly what they have, which is AI tax assistant for tax professionals and businesses.
So their first line would be like, I haven't followed my, I mean, my accountant does my taxes.
So I'd have to think about like, what stresses you about taxes?
Like, have you ever had that feeling where your accountant messages you and you owe those big tax bill and you wish you had known in advance that it was actually going to come up?
Taking the terra out of tax season.
Yes.
Like you have to like intimately describe like a feeling that someone has.
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Yeah. And then talk about images and image use because here what we see is like a just some big copy
and put your full name in to get access. And then, you know, this like weird graphic on the
bottom right, AI power tax research memo composer. You don't see a human. What's your thoughts
on what to put as an image? Have you given a lot of?
lot of thought to hero images or hero images, the antithesis of leaning into copy.
I think that words usually do better. A video does better than anything. A video, you know,
the idea is with copy, it's just that when I say copywriting, I also mean video and audio
and things like that. But copyrighting is just like a way to like sell. And I would probably
say that if I'm a small company, these guys are new, right? Yeah, well, they're yeah,
they've got their series A, I think, or they're yeah, between series B and series A year two.
basically is how to think of it. There's a world where I would put like for any smallish company,
there's a world where I would put a letter from the founder that says like, hey there,
fellow accountant, you're probably wondering what this is. Well, let me explain. You see,
I used to be an accountant and I experienced this feeling all of the time. So I would probably
put a letter from from them right on the, I think a lot of people don't realize this, but the about us
page on any person's website is typically the second most visited website. So if you look at any about us page,
If you go to Hampton's About Us page, we tell like a story.
The About Us page is like very important.
I would just go ahead and put that on the front and I would put a picture of the founder
and the team.
There's a like I've made this bet before people.
I think I could sell more copies of anything and then most companies with just a Google sheet
or a Google forum and just plain text.
So then like any website that has lots of fancy photos.
And so I would lean into the personal side.
If you take a look Jason at the Hampton about us webpage, look at this.
This is hilarious.
This is my Hampton co-founder.
Joe. Yeah, that pulls you in. That does pull you right in and it uses the hero image to
show off people. Sorry, I'm back to you. I just wanted to point this out. Yeah. So this is on my
about us page. So this is, it says this is my Hampton co-founder, Joe, and this photo is from an
ink magazine story about him and the story about how he lost $100 million. So the story goes,
my partner Joe was a very successful entrepreneur. He started a company that he sold for $114 million
at the age of 24. But then he started this new company called Little Things, which was a blog that went
very viral and they scaled the $70 million very fast. But then Facebook made a huge change. And
Unfortunately, this changed happened right as Joe was about to sell the company for $100 million.
Zuckerberg made the change of the algorithm.
His revenue dropped from $60 million to $10 million, and the company went out of business three months later.
And that photo is from an ink magazine story written about that experience.
And that is when I met Joe.
And we had conversations that could help push ourselves forward.
And that's when we had the idea for Hampton.
Let's do this for other people.
So you see how, like I.
Yeah.
You know, what this speaks to is in today's market, anybody can build a,
product, right? And building products is getting easier and easier. The intent of the founder,
the intent of the artist, why did they make this startup? Why did they create this product? Why did
they make this movie? Why did they make this album? Lily Allen's got this album out about her
marriage breaking up and it's doing phenomenally well. And it's because I think, you know,
she is going through what many 40-year-olds or 50-year-olds go through when they have a divorce. And it
resonates because the reason she's writing it is because she's processing it, right?
Whereas somebody else could just make some beats and have somebody dance, but intent matters,
right? Why you made the product. There's a story. That matters more than anything. I mean,
look at like, I don't want to use one of your nemesis, but like Palmer,
Palmer, lucky has done a great job. I'm super fan of Palmer.
Look, with, with Andrew, I think that like there's, I think the only reason I brought it up was
in Business Insider, there was an article about like defense tech and how it's having its moment.
It's like because this guy who looks a little bit strange and says some funny, wacky stuff,
like there's a story behind it.
Same way.
Like one could argue, I don't know much about Palantir, but I know the founder.
And I have to imagine that there's a story premium on that stock.
Yeah.
I mean, if you think about the companies that get overvalued or get a value that doesn't
make sense with the performance, it's typically because there's some incredible story behind it.
An incredible mission is another way to say story.
If you were to look at Tesla or Palantir, helping secure the future of democracy around the world,
security, safety.
That's a hell of a story for Palantir.
Like stopping terrorism and stopping...
It's a pretty good story.
And then, you know, Optimus has become this incredible story for Elon where it's like, well, wait a second.
If he could make self-driving cars, what if he makes a robot that could do anything?
You know, one task is driving cars, but if you can figure out how to drive a car, like,
what things are easier than driving a car?
Lots of things are easier than driving a car that we do manually.
And for all the founders listening, I think, like, copyrighting is like one style.
But like, it's, honestly, it's rooted in the takeaways.
It's rooted in compelling storytelling.
And that's like the most important thing.
That's what I wanted to ask about because I think a lot of people are technical founders
who are much more, you know, familiar with code.
and being in the background and not talking as much.
But it sounds like you don't have to actually have
becoming the next, I don't know, CBS News anchor
as part of your remit to do this well.
So technical founders should not be afraid, Sam,
of really getting into the mix here.
No.
You don't even, first of all, like,
it doesn't matter if you're like the nerdiest quiet guy ever.
Like, you could be very likable on camera, for one.
And for two, you could do all of this via a keyboard.
You and I have a famous book in common
and I heard you talk about it.
And I, it's so funny because I've listened to this book twice.
And the book is How to Get Rich.
Oh, you love that one?
It's so funny because you and I have like very parallel lives.
We both, I think, had an obsession at some point in our lives to be either recognized or known and to be rich.
And we try to unpack that.
I don't know where your dysfunction came from.
Mine came from being poor, a poor kid from Brooklyn without any power who was like, well, it'd be good to have power and money.
So why don't I try to unpack how that's done?
And one of the books I read early on was this one by somebody who I had met,
Phil Xdenis, who was a magazine publisher in tech publications.
And I was doing tech publications in the 90s.
And he had done, I think, Maxa Magazine as well.
And he wrote this incredible book, How to Get Rich.
And he just goes into how important it is to own equity in a brand.
So tell me about why.
And he's passed away since.
But the book was like, when you talk about writing in your voice, like I feel like I'm
sitting with him.
in a bar and we're four drinks in and he's just like, you know what, let me just tell you the truth.
And he just spills the beans on how to make money.
Felix Dennett, that book changed my life.
It's probably the best book I've ever read because it's beautiful.
I hate recommending it because the title is so vulgar, but it's a beautiful book because he's a
beautiful man.
And basically the idea here is that Felix Dennis, like you said, with a publisher, here's an example
of him being vulgar.
In the book, he goes, I'd be worth a lot more had I had not spent 100,
million dollars on crack and whores in the 90s. He was a crazy man. Um, and he was near the end of his life
when he wrote that book. He was dying of cancer and he was already rich and he goes, I don't care about
this book. So I'm just going to tell you the truth. And he laid out the importance of or he laid out
how to get rich. And it changed my life. And I actually, um, I've tried to meet some of his colleagues.
So that's so cool that you met him. Was he a cool, was he a cool, was he cool guy? Yeah. He was kind of like one of
these, when I was coming up in the 90s and, you know, in the late 80s, early 90s, if you wanted to be
an impresario, if you wanted to be known, magazines were the format, the same way startups might be
today or podcasts might be today and startups were previously. Yeah, George Magazine, yeah, there you go.
This is the first edition of George. Even the president's son even got in the magazine world.
It's hilarious, like JFK Jr, who I met twice in the 19.
these because we were both producing magazines. I'll tell you the two stories in a minute.
I said, hey, if I'm going to be important, I need to have a magazine. That's the quickest path
and a great Silicon Honor Reporter. Sure enough, I wound up on 60 minutes, Charlie Rose on the
cover of the New York Times business section, and they wrote a New Yorker feature story about me,
which if you were to say, in New York City, what boxes do you want to check? Those are like four
of the seven. You know, like if you get two of those in a lifetime, you're good. If you can get
four of the seven, like, wow, you've sort of transcended New York, you've sort of transcended New York,
elite circles. But the candidness of, you know, him and this being an emphosario, you wielded power
as a publisher because you got to pick who was on the cover. And Jan Wienner from Rolling Stone
explained this to me. He wanted to buy my magazine and he wanted me to come work for him and do
Rolling Stone like digital and spin it out as an IPO. It was really hilarious. And he looked at my
covers and he said, your covers are good, but they could be great. And I said, how do you make them great?
and he said, well, how much you're spending?
And he taught me about how to make a gorgeous cover.
That's awesome.
And he said, whatever you spend on the magazine,
from page two to the page 100,
spend the same amount of money on the cover.
So if you're spending $10,000 on the writers
and the photography and the illustrations inside,
spend $10,000 on the cover.
And I was spending like 5% on the cover.
He said, people judge a book by its cover.
It's all about the cover.
Now, if you look at Rolling Stones,
they had the most iconic covers in history,
Vanity Fair, most iconic.
most iconic covers in history.
You know, and then you can go down from there.
But those were the two people who really understood it.
And I met Graydon Carter when I was coming up.
And he mentioned independently how much he loved the covers of Silicon Valley Reporter.
So it's just ironic that that was the format.
Now, today, it's having a podcast.
You know, like if you have a world-class podcast, that's being an impassarium.
And so here I am like 25 years later.
And it's just a different medium with a different thing.
But you're doing podcasts too.
and you started a podcast on just how to be rich.
Just, and your core premise of this podcast,
I believe is what's your net worth, how did you get it?
In order to promote Hampton,
what we noticed was that a common conversation,
Hampton is my thing, my community,
and like the average company is doing like 20 million in revenue,
which means there's a lot of people there
who are asking money questions about their own personal stuff.
Like, it could be boring, like how to set up at a state.
But I noticed that those were the most popular threads in our community.
and I said, what if I got ultra high net worth people to reveal their personal income, personal
expenses, and their portfolio allocation? And at first, I got people to do it. I convinced people to do it,
but they did it anonymously. And then eventually people were like, oh, fuck, I'll do that for sure.
And so, like, one of the first ones was this lady named Ann who sold a company called Solid Core for
$250 million. And she pulled up her net worth sheet. And she goes, yeah, so I got $94 million.
I got this year. And my spending is $300,000 a month. I spend on this.
And then so they revealed their numbers.
And then I was like, okay, but tell me how you're messed up.
Because all rich people are messed up in some way.
She goes, yeah, I'm messed up.
So, like, I still use this sheet to, like, make sure I'm never going to run out of money.
And I fear running out of money for these reasons.
And I'm like, this is just so beautiful because the more successful you get, the less people talk about money.
I don't know, Jason, if you and your buddy has ever like talk about this.
It's not really discussed.
It's a little bit taboo.
But unfortunately, and I know that this sounds kind of like a debag of me saying this.
And so I try to be very tasteful with all of this.
But first of all, problems are still problems.
And when you do achieve something, even if you're just a tech person at Airbnb,
you work there and you like just made a million dollars off the IPO,
you're like, what do I do?
What's an appropriate amount of money to spend every month?
Should I spend $10,000 or $50,000?
I'm not sure.
Where do I invest it?
And so my goal has just been to unlock that information and convince people to share that stuff.
And that's what MoneyWise is.
So money wise is great.
But let's talk about Hamilton because one of my founders is.
Hampton. Sorry, what did I say, Hamilton? Hampton. Hampton as in the Hamptons. So you picked Hampton
because it evokes the Hamptons? I'm from Hampton Avenue in St. Louis, Missouri. It's a, it's a street.
But yes, I don't mind. Brand is when you associate two things.
Perfect. I love it. So there's an origin story and then there's me just associating it with the Hamptons,
which is, by the way, when every rich person in New York, you talk about getting like the Vanity Fair
cover treatment or New York Times story profile in the Sunday edition, like,
exact, just got getting a place in the Hamptons that people want to come for dinner. That's
impressive. That is also one of the check boxes. So one of my founders is in it. And when I asked
them like, this is costing how much per year, $4,000 a year, $5,000 a year? No, it's starting in January,
it's $15,000 a year. Whoa. Did it start at $4 or $5? Was that the original price? Okay, so it's $15,000
a year to join now. For new people, it's going to be $15. Amazing. So you start this $15,000. What do people get for $15,000 a
year. What are you selling essentially? How many people are doing this? And then, yeah, why did you
decide to start this business? To what people get. So the way it started is not how it is now. But the way that
it is now, we've made this massive pivot this year. But basically you get three things. The first thing that
you get is, first of all, everyone who applies, we only let in 4% of the people. Last month, we got,
like, we got like 2300 applications. And everyone gets interviewed. They have to reveal their
traction to their revenue and things like this. I watch all of the interview.
so is my co-founder. And then the community has to give a thumbs up or thumbs down on you.
And once you get in, you get matched with an in-person core group. So that's eight founders
of similar sizes and types of businesses. And then we have 100 plus moderators who we pay and
train. And they lead these conversations in real life with the same group of eight people every
single month for hopefully for a decade that you're going to be with them. And so the idea is
that these eight-person groups, they're the only people that know about your mommy and daddy issues,
but also about like what's going on with your business. And then the second thing, and so this way
they have full context in your life and they can actually like give you advice and feedback.
The second thing that you get is a chapter. So like let's say in New York, we have 190 members.
So you get local chapters with tons of cool events. We've done them with Joe Lonsdale in Austin, Texas.
We've done Jason Freed in L.A., things like that. And then the last thing is you get a Slack group where we have a
thousand plus members and you can type in anything and you'll get an answer within 20 minutes because
that's part of the culture. So essentially, YPO, but maybe open to more people because this young
president's organization, they tried to loop me into this.
They were like, oh, you have to have 10 million in revenue at the time.
I think Mahalo had like five.
I'm like, I'm not qualified.
They're like, you're qualified.
You can come in.
We'll waive the 10 million thing.
And they kept trying to get me to do this.
I just didn't have the time.
But this people have told me they're in the same cohort for their, you know, for 20 years.
And these are, it's almost like a fraternity is how they refer to it.
So it's similar.
Was that the inspiration for it of something similar or analogous that's more open to people?
Yeah, YPO's well known.
And I think they're wonderful.
The difference is that a YPO, even though it's called Young President's organization,
A lot of their members are a little bit older, which is all good.
And it's also a lot of people who maybe own like a manufacturing company or a real estate business or something like this.
And so in order to get into Hampton, you have to have at least $3 million in revenue, $3 million in funding,
or you have to sold a business for $10 million.
And you have to have some type of digital or internet type of stick.
Tell us about the moderators because that seems to be a key piece of this.
Yeah, it's a pain in the ass is what it is.
Because, you know, anybody can start a small community, but to scale a community, that's always where.
it's hard. So I get the sense, if I'm reading into it correctly, that that's what you're in the
mix of now in year two or three of Hampton? No, dude, when we launched, we were digital. We launched
sort of post-COVID and we thought that people would want to meet on Zoom. Obviously, that was
foolish of me, right? Everyone wants in real life. And so we pivoted the whole business to be in real life.
So this year, we hosted 150 events. And so everything's in real life plus your core group.
And so, but finding a moderator in your city and then training them, training them in the
Hampton way, that's really hard. And so we have a team of,
four people and their whole job is finding these moderators and training them. There's this company
called Vistage. Have you heard of Vistage? I have not. Listen to this. This company does, I guess we do
what they do. They were launched in 1962. You know who used to own them? Larry Ellison and Michael,
Larry Ellison and Milken. What was this? Michael Milken. Michael Milken, yeah. They owned this company
together at one point. And so this company has 40,000 people paying on average $20,000 a year to be a member.
you've never, and you've never even heard of them. And my goal with this company was to create a
company that could last for 50 or 100 years and wouldn't go out of business with AI. And so I looked at
YPO. They launched in the 50s. Vistage launched in the 60s. And there's a handful of others that
have been around for 50 or 100 years. And I just thought it would be really cool to try and build
something that can last for a few generations. Genius. And you didn't raise money for it. You're just doing
this all yourself. You have control of it. And it's your thing. Yeah. Yeah. Yeah. I will not, no, we will not
raise money, that would mess it up. And I think it could be like a business. I mean, I think we could
bootstrap into this into a multi-billion dollar company. It might take 20 years, but, you know,
I think we can do it. It feels like this is the business you were, you know, it's always like
when I met you when you were doing the newsletter and then the events. And I was like,
wow, this, this guy's figuring it out so fast. But this feels like the last business for you.
I'll be totally honest. Like sometimes the founder gets to a point where it's like, yep,
that's your business. Don't ever sell it. Don't ever make.
money. Don't ever give up control. That's your first, last, that's it. Do you have that sense
now with Hampton? Yeah. My daughter's going to intern here. That's my goal. You know,
frankly, I'll give you, I got to give you credit, Jason. I started my last company,
The Hustle, I like researched like, research like five people, and you were the one of the five
people who I researched, and I was like, I'm just going to steal all of that. So I just copied
you. And it's, it's turned out good. So please, like, anything you're going to do next, just
tell me.
So I could.
Well, what did I get right?
I mean, what was the thing that you perceived was like I had gotten right then if I did
have something that was influential.
Being a media person.
So I don't know totally about your interest, but I don't have the ability to build a tech
company.
But I love tech people.
And the best way to monetize that is to build a media company, not pretend to be a tech
guy and just be average at it.
And so that's what I copied.
And then you had conferences.
And I was like, conferences, can that be cool or not?
And then I go to launch and I saw this and I was like, yeah, I'm going to go ahead and do that.
Thank you.
And then like, just like you purposely turn on the gregariousness.
I think.
I don't know how to describe it.
But you have this like way about you where you talk in sound bites where I was like,
yep, I got to study that one.
Candidness for sure.
Yeah.
Yes.
And so I basically have just stolen a lot of your stuff.
Who are the other four? I'm curious, who else? Was it Kevin Rose, Tim Ferriss, Gary Vaynerchuk?
Who else made that list of like interesting, you know, web 2.0 people or web 1.0. Obviously,
Felix Dennis is one of them, sure. So Felix Dennis, I studied you a lot. I studied Ted Turner.
Yes. Really? Ted Turner is my hero. I love Ted Turner. What do you love about him?
Well, he was iconoclastic in that he had his own opinion of how things should be done. And it
it was, you know, his way or the highway.
And he just made very unilateral decisions based on instinct.
And I think that's something in media that's incredibly important.
When your organization gets a little bit bigger, people will tell you, like, the experts you hire, this most, you basically go higher the most qualified people you can think of.
And then they will stop you from doing the magical things you understand how to do.
Now, one of the things he wanted to do was to educate the public and do,
like documentaries. He wanted to do this one on nuclear proliferation. He wanted to have an impact. And then
you look at what CNN became. He just wanted you to know what was going on in the world and then
educate you as to what are the important issues. And CNN then just totally lost this mission at some
point because they were watching Rupert Murdoch who was just like, yeah, just put the most insane people
giving the most crazy opinions on air. And then CNN tried to duplicate that and follow them. And it just didn't
work because it wasn't like Tucker and, you know, Megan Kelly and those kind of spicy people.
It just became this weird kind of somewhere between doing what the BBC does and what Fox does.
It was inauthentic. And if they just stuck to what he wanted to do, which was straight reportage,
give them the facts and be first, do really deep analysis of important topics and educate them
and elevate the public's knowledge of nuclear proliferation, which was one of his big things.
And those are things I loved about them.
What did you love about them?
So I have these categories of people that I call manifest cowboys,
meaning they term dreams into reality,
but they do it in a very like sort of shoot from the hip type of like vibe.
And frankly, I view them a little bit as artists.
A lot of people think that they're just like loud mouths.
And I'm like, no, there's like an art.
There's a beauty here.
And so what I loved about him, he had a lot of flaws.
But what I loved about him is that he was the sky from the south.
I'm from Missouri.
And he moved up to and he kind of took over like the media world in New York City.
and he built this very amazing company,
but he was still like a really scrappy guy
who was not, he was willing to look foolish.
Like he owned the Atlanta Braves,
and like he was famous for doing this contest
to see who had to push the baseball
at the first base with their nose first.
And he would get on it,
he would get on his hands and knees
and he would like do this stuff,
even when he was like a billionaire, you know,
and I just love that this guy
didn't take himself too seriously.
Also, a lot of people don't know this,
but he saved the Buffalo population in America.
That was his passion.
Yes.
His passion. And so I just think that like too often in this world, there's this lack of the
idea of a total man. So we have these guys in tech and business who are like amazing about making
money, but they're lacking like what it means to be masculine, which is you treat people
wonderfully. You help others who can't help themselves. You treat women and other people respectfully
and like you are a little bit rugged and I love that. And he was like that guy for me. Yeah,
in New York, he tweaked people like the fact that this guy in Atlanta who headquartered it in
Atlanta and, you know, basically could take over the news business without being in a fancy
New York City Times Square or Wall Street. He was just like, yeah, that's not what's necessary.
I just need to have reporters on the ground. So wherever this war is occurring, I'm sending them
there. And it was like very simple. But the way I say the same thing that you're pointing out,
you know, iconoclastic is, I guess, a way to frame it, is like, do people do interesting things
with their money when they get it? Like a lot of people I know,
get a ton of money, and then they get really scared and they sit on. They don't ever do anything
interesting. And what I like is people who do interesting things with their money and like do weird
stuff, but that makes the world more interesting, right? Actually put Palmer Lucky into that. You know,
you watch him and he released a Game Boy, you know, and he does like his cosplay and he dresses
up as characters. Now, not for me. I'm not like into Game Boys or dressing up in, you know, as anime
characters. But God bless him. He's into it. It didn't give a shit what you think about him and his
game boy or whatever. And great. Awesome. Like be a cowboy and go do that stuff. And Cowboys like a great
way to sort of phrase it. Listen, if people want to apply for Hampton and, you know, get that small
chance of getting in, how do they do that? And yeah, where do they go? Joinhampton.com. And then
we'll email you in like 12 or 24 hours, but I watch all the interviews, literally 100% of them.
So joinhampton.com. So they do a Zoom interview with them and then you watch it and then give it
thumbs up, thumbs down, essentially?
Yeah, they got to make it past our membership team.
So they talk to them for like 45 minutes.
Then if the membership team gives them a thumbs up, then me and my partner, Joe, one of us
will watch the interview.
And then once we give a thumbs up, we have an automation.
It goes to the Slack community.
They can give a thumbs up and thumbs down.
And then they get their invite.
Oh, I love that process.
Yeah, my founder who's in it, I said, why did you spend all this money on this?
Are you sure has a good use?
And like, am I paying for it or whatever?
And it's like, yeah, I met like three people who have been down this road of like M&A
and raising money and partnerships with these things.
And I was like, yeah, it's worth it.
Because what I told them was, I was like, listen, if it's $5 grand a year,
if you were to hire an M&A banker, it would be $5 grand a month for like the low-end ones,
not low-end, but the boutique ones would charge you like a 5K retainer.
So a month for six months and for $30,000, you're going to learn this,
but you're going to learn it from their perspective.
If you're in that community, two or three people explain to you their M&A process
and what they went through and then they failed and they succeeded,
you're basically paying to take out noise, right? That's what you're actually paying for in what you're doing. And people don't understand this about like the All In Summit as an example, which is $7,500 to go. We do do scholarships to kind of just stir the pot a little bit and get interesting up-and-comers who can't put $7,500 on their corporate account. But the $7,500 is like buying a home in Yellowstone. It just means if you're, it's a filtering mechanism, right? And you still have to apply and we don't let and lawyers, accountants,
headhunters and, you know, real estate brokers.
We could sell 1,000 tickets every event and make $7.5 million just to real estate brokers.
They would all come to try to land a customer, and they would ruin the vibes.
Have you ever had to network with go to a networking event and there's like four real estate
brokers there?
Yeah, it's the worst.
They'll corner you.
I mean, and you're like, I have a house.
I have two houses.
I don't need more houses.
Tell me about your kids.
Where do you live?
How many rooms is that?
almost as bad as like a financial advisor event that's i think yeah the financial advisors are also can be
rough yeah they yeah i mean i'm when i get the financial advisors pitch at me i'm like so um
do you think you could beat my returns and they're like no i'm like so what would i use you for
i like i'm young enough to run my own book i'm 55 i'm just going to run my own book i'm like
they're like i can get you margin loans or these other devices i'm like at a 1% fee well yeah and
It's the thing about the 1% fee that people don't understand is it's not 1% of the 5% return
this year.
It's one of the 5 points.
And two of the 5 points go to Uncle Sam, or 2.5, depending on where you live.
And then one point goes to your money manager.
So now you're at 2.5 or 3.5 going to your money manager, 1.5 going to you.
Just buy Vanguard funds like Alex does.
That's what I do.
Yeah.
Just put it on a Vanguard fund and go back to work.
Fidelity, zero cost index funds, baby.
free, love it. Listen, we didn't get into my first million. Amazing podcast. What I love about your
podcast is you find weird people that nobody else has. So just to give you another high five here,
but what I appreciate about, I appreciate about Sam is, and your, your, your, your, your, uh, co-host.
I don't know his name, but John. No, I'm just trolling him. I was, I trolled him a couple years ago
because he was saying such a guy. There was one type where, okay, so I, for the listener,
I've said I've admired Jason for probably a decade and a half now.
And there was one time where you and I hung out and you totally tried to big dog me.
And you're like, oh, that little newsletter thing, tell me about it.
Yes.
You told me you making 10 million.
I was like, what?
In my head, I was like, he's trying to rattle me.
But he's a good guy.
He's trying to mess with me.
And I love this.
No, I had no idea.
Honestly, that was more me being a dipshit because I was like, you invited me to speak at your event down in Oakland.
It was like one of your first ones.
And I was like, who is this guy?
It's like making so much noise.
I have to meet him.
And it wasn't actually big doing, dogging.
It was me not doing my research.
And this is one of the things I always train my team on.
Because I learned this from angel investing early on.
Never underestimate anyone.
Because the people who you meet who seem a little awkward or maybe they're just a little weird,
like they're going to turn out to be Elon or Travis or Palmer or Sam Parr.
They're going to actually go from being awkward or hard to understand or maybe you don't appreciate.
and then they figure it out.
People underestimate stuff all the time.
I don't, you know,
a lot of people underestimate in newsletters.
My prediction was that we could get to $100 million in 10 years.
I sold too early,
but my competitors now are doing $90 million in revenue,
Morning Brew.
And so, like, people laughed at the idea of a newsletter,
but you know, but very few people know,
they can be legit.
When I sold Weblogs, Inc. for $30 million bucks,
18 months after starting it,
everybody's like, you sold too early.
I was like, you know what?
Never too early to get your first $10 million.
Like my partner and I,
When you get that, you're actually dangerous. That's when you become super dangerous. When you have the FU money, then the next project or two or three, you get to choose and you can play long as opposed to playing scared or playing on your heels. You don't have to make money from Hampton. You could just invest 110% of the revenue back into it, which I assume is what you're doing. You're not going to run it to make short-term gains. You're going to run it for long-term legacy and enterprise value.
which is what Felix was talking about, hey, the enterprise value and your equity stake is the big win, not your income.
I stole the strategy from Felix.
So what he said was, he goes, if I could do it all again and I weren't, he said, he goes, I was a punch drunk boxer who just had to keep going back and back and back to making more money.
But if I could do it all over again, I would try to make as much money as possible at the age of 35.
And then I would relax and write poetry.
I don't like poetry.
I do like business.
But my goal was to make a lot of money by the end.
age, in my case, 31. So I don't have to worry about that. And that's why I saw what Jason did.
I was like, 18 months, 30 million? Sounds good to be. Let's try. And I think you sold it for the
exact same number. Well, so we got a deal because of the podcast, which kind of made things a lot
nicer. But yeah, but you sold, you know, 15 years prior. So like that was even bigger deal.
Well, when you think about it, this is what, you know, Nick Denton and I had this discussion,
because Nick Denton wound up selling for $150 million after being sued.
But he went 10 years past me in running Glocker.
And then he had to give like 50 million of it to his lawyers,
50 million of it to a private equity firm,
50 million of it to Hulk Hogan.
You probably wanted to make it, you know, double what I made or something,
or me and Brian Alvey made it.
Yeah, but at the cost of a decade.
At the cost of a decade and then being dragged the court system for all this.
And my previous partner, Mike Arrington,
on the TechCrunch 50 conference, he saw what I did. And he was like, just please introduce me
to AOL. I have to sell this thing. And he wound up selling it to AOL for 25 million, literally like two
years after, three years after I met him. Like same exact playbook. Like get this out quick and then I'll
go on to my next thing. Listen, Sam, I could talk to you guys all day about media, by the way.
So you and I will do another pod just on media and like other media brands we love. Are there other
media brands you're loving right now what do you what do you who's impressing you any who's the next
sampar who's the next j cow who's the next felix dennis founders the podcast called founders and there's another
one called how to take over the world that's even smaller that i think it's going to be huge i think how to
take over the world it's just magical it's a podcast ben wilson ben wilson how to take over the world
he used to be my producer and my first million he's got he just came out with this uh two part series on
Andrew Carnegie. Oh, he's kind of doing like acquired kind of style. Three hour series on people
who take over the world. Got it. Yeah. It's like acquired but for people. Yeah. So I love that.
So I'm very bullish on that. But yeah, I can talk about you like I stole my strategy from you and
Kevin Ryan. So I could talk about all day. Oh, Kevin Ryan. Yeah, very smart as well.
A lot of a lot of great entrepreneurs there. All right. Listen, I'll drop you off Sam and let's catch up
soon and say hi to your co-firm. Who's the co-host of that? My First Moon. Just some dude.
We're just going to come, dude.
I know.
He's great, too, by the way.
He does a great job.
And everybody check out those podcasts and go to Hampton.
All right, Sam.
Thank you so much for coming on.
God bless you guys.
Thank you, everyone.
That was so much fun.
Also, my parents are from the Midwest.
So I love, I love, I love getting the Midwest connection.
But Jason, let's do a little bit of fun here.
Before we had Sam on, we actually asked producer Claude to do a kind of similar take.
What should founders know all about copywriting?
And so I thought we'd go ahead and just take a peek and see what
British are Claude saying.
So this is what Claude came up.
So this is what Claude came up with, Jason.
So here in the core principles section, right like you talk, which we covered quite a lot.
We also talked about answering the why should I care.
And we talked about testing relentlessly and using social media as a platform to do that.
And then later on, talking about, you know, publishing strategies and so forth, how important podcasts are.
And then I love this.
Tools like Hemingway editor keep writing crisp.
So I really feel like Claude did a good job here of nailing quite a lot of what we talked about Sam.
Well, this is, I think, another thing that Sam did brilliantly.
you know, when he came into the game, people were probably like, oh, you know, like it's too late.
But he did, he, if you can, the way I would phrase this is, stand on the shoulders of giants.
He came out, he said, okay, who are the giants?
Okay, these different advertising heads from the 50s and 60s figured this out.
Let me study them and write new content about what they did.
And, you know, SEO is one strategy from the old days, SEO, search engine optimization.
But now his content's now showing up.
I'm certain. And the advice that's being given by Claude is coming because it's probably
indexed some of the things he's written. And he probably mentioned like three times Hemingway.
You know, you can always get the citation. So, you know, in this screenshot, you don't see the
citations. But the citations will be there. That's why I always ask whenever I do a Claude search,
hey, show me the citations and give me a quote from people who've talked about it. Just a great way
to add a prompt. And Claude makes us just absolutely superhuman out what we do here at this week
in startups and you can be superhuman like us, not superhuman email program that makes grammarly,
but you can be superhuman with Claude.
You can get 50% off your first three months of Claude Pro.
Just go to clon.a.ai slash twist to get started.
You can't do everything we do with Cloud without a paid plan.
We fully recommend it.
And we use Claude every single show to make sure we're verified, up to date, and fully rocked
and ready to go.
